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Caesars’ online growth slows in Q4 as losses soar

26th February 2013 9:44 am GMT

Caesars Entertainment Corporation has reported a 4 per cent drop in total net revenues to $2.0bn for the final quarter of 2012, due mainly to the impact of Hurricane Sandy on Atlantic City revenues as well as a slowdown in growth from the company’s interactive business.

Caesars said that the growth in its online business, which includes Playtika, offset a decline in the Atlantic City Region which was impacted by hurricane-related property closures.

Fourth quarter net revenues [...]

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